After all, it’s not at all certain a second stimulus check will ever happen. If the bill does include a second round of stimulus checks, it’s expected to be similar to the $1,200 per taxpayer amount provided in the first stimulus round, known as the CARES Act. However, although Republicans have criticized the Democratic plan as overly generous, many have expressed support for a second round of stimulus payments. The one-time stimulus check proposed by the HEROES Act may be close to the final version of what we see in the next stimulus check bill.”Specific Income Limits for Eligibility for the Second Stimulus CheckEligibility for the second round of stimulus payments, as written in the current version of the bill, is identical to that of the CARES Act. For millions of Americans, the second round of stimulus payments will provide welcome financial relief.

Source: Forbes June 19, 2020 18:33 UTC